Ukraine sets 75 per cent discount for sea port transit oil shipments

KIEV- Ukraine has set a discount of 75 percent on port fees for oil transit shipments moved via the state-run Ukrtransnafta oil terminal in Black Sea port Yuzhny near Odessa, the company said on Monday.

The discount will come into force in January.

Prime Minister Volodymyr Groysman said last week Ukraine would lower fees at its sea ports by about 20 percent from January in a bid to improve their competitiveness. Ukraine operates 13 sea ports with an annual capacity of about 190 million tonnes.